Subject: Re: Numbers
* Management knows it's not really useful, but they think a dividend will mysteriously make them more popular or taller. Like the Hitchhiker's Guide says, "mostly harmless" I guess.

What to think of NVDA which recently began paying a dividend, with a pathetic current yield of 0.03%? I'm sure they have smart managers. I'm sure they could use every available cent to fund their gangbusters growth. So why pay such a dividend? Is there perhaps a significant (and dumb) segment of the market that will only invest in dividend paying stocks? (university endowments? state employee pension funds? financial managers who steer their retired clients into dividends?).

Elan